Property Details
About this Property
Development Opportunity: Two adjacent lots near the beach with a combined 6098 square feet of lot space in the 1st 100 block of Balboa Blvd., this unique offering at 1213 & 1209 W. Balboa Blvd. presents endless possibilities for investors and developers while generating almost $16,000 in combined monthly property income as you develop plans for future improvements. 1209 W. Balboa Blvd. features three spacious income apartments. The apartment homes include two 2-bedroom, 2-bath units—one upstairs and one downstairs—and a 1-bedroom, 1-bath unit located above the garages. The property also consists of a two-car garage, a one-car garage, and three tandem parking spots behind the garages. Tenants share the community laundry room located at 1209 W. Balboa Blvd. Together, these two lots provide a range of development opportunities. You could build your dream home, construct a home with an ADU, develop condos, or reconstruct and maintain them as income-generating apartments. Don’t miss this chance to own two side-by-side beach-close lots with incredible potential.
MLS Listing Information
MLS #
CRPW24187629
MLS Source
California Regional MLS
Days on Site
76
Interior Features
Appliances
Garbage Disposal, Oven Range - Gas
Flooring
Laminate
Cooling
None
Heating
Wall Furnace
Exterior Features
Foundation
Slab
Pool
None
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 3 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 3 | 3 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 700 | – | 0/0 | – |
| 2 | 1,100 | – | 0/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1209 W Balboa Bld is a Triplex in Newport Beach, CA 92661. This – square foot property sits on a 3,049 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,100,000 and was built in 1952. This address can also be written as 1209 W Balboa Bld, Newport Beach, CA 92661.
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This listing information is up-to-date as of October 18, 2024. For the most current information, please contact Kurt Galitski
